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LANCASHIRE - CITY CENTRE PUB AND ACCOMMODATION FOR LEASE
Lancaster, Lancashire, LA1 1UP
Asking Price
POA
Leasehold Price
£42,500
Tenure
Leasehold
Description
LEASEHOLD £42,500 to include goodwill and fixtures and fittings. Stock at valuation in addition.
The Staggered Inn is held on a full repairing and insuring lease agreement from a private individual for a term of thirty-five years, commencing 21st February 2014. The lease is excluded from the security provisions of the Landlord & Tenant Act 1954 and is fully assignable with the consent of the freeholder. Rent currently stands at £60,940.80 plus VAT per annum, paid quarterly in advance, subject to five yearly rent reviews to fall in line with RPI, the next due on 21st February 2029. There is an additional quarterly service charge payable for the lift contract of £702.50 plus VAT. An incoming party will be required to provide a rental deposit to the Landlord of £15,000 in advance. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Location & Situation
TRADE AREAS
VESTIBULE leading to an open plan TRADE AREA with loose and booth seating for 40, DJ booth and an 'L' shaped, tile topped BAR SERVERY with well-equipped back bar. The trade area has wood flooring throughout and is stylishly decorated and furnished. The servery features Altro nonslip flooring, a WASH and PREP area and lift access.
LADIES' and GENTLEMEN'S TOILETS offset the trade area.
Adjacent to the bar area is a PRIVATE KARAOKE ROOM with TV screen and seating for 10.
GAMES ROOM with pool table and loose and booth seating for 20. DISABLED ACCESS TOILET offset.
The KITCHEN is located on the first floor and is well equipped with Altro flooring, hood canopy and a good selection of catering equipment and appliances.
Good sized basement CELLAR with two large STOREROOMS, KEG ROOM, LIFT BEER DROP and two smaller STORAGE AREAS.
OWNERS ACCOMMODATION
Located at first floor and comprising:
LOUNGE and DINER with Juliet balcony.
KITCHEN
BATHROOM
TWO DOUBLE BEDROOMS
TWO SINGLE BEDROOMS
Details
- Property Type
- Nightclub, Public House, Wine Bar